Dr. Paul Craig Roberts: “They (banks with inside information) cleaned up on
this Fed statement. It’s entirely possible that’s what the Federal
Reserve is doing is orchestrating events that make huge profits for the
banks, and that this is the way it recapitalizes them.”
Eric King: “What were your thoughts on the gold and silver smash?”
Dr. Roberts: “Well,
it’s clearly intended to drive down the price because they always pick
the most unlikely time that anybody who wanted to unload a position for
best price would never pick (to sell). They pick a time when unloading a
position like that is guaranteed to drive the price down the most.
That’s the giveaway that they are trying to drive it down. The other giveaway is the amounts that are suddenly unloaded at one time. No real investor would unload any position in that way. So these are obviously orchestrations (by the Fed) and that is the intent (to manipulate gold and silver lower).
I myself don’t think there is any prospect of the Fed ceasing that policy because if it doesn’t print the money to support these (stock and bond) markets they are going to collapse.”
...in the end, if you can survive the stress, unless you believe a full-fledged recovery is on its way and will be here by June of next year (laughter ensues), unless you believe that, sticking with gold and silver is the only option you have.” Full audio interview at KWN
Eric King: “What were your thoughts on the gold and silver smash?”
Dr. Roberts: “Well,
it’s clearly intended to drive down the price because they always pick
the most unlikely time that anybody who wanted to unload a position for
best price would never pick (to sell). They pick a time when unloading a
position like that is guaranteed to drive the price down the most.That’s the giveaway that they are trying to drive it down. The other giveaway is the amounts that are suddenly unloaded at one time. No real investor would unload any position in that way. So these are obviously orchestrations (by the Fed) and that is the intent (to manipulate gold and silver lower).
I
suspect it is related to the concern about the dollar ... I think all of
the attack on gold is part and parcel of the process of establishing
that there is no safe haven from the dollar. The Fed has to do that in
order to protect its quantitative easing policy.
I myself don’t think there is any prospect of the Fed ceasing that policy because if it doesn’t print the money to support these (stock and bond) markets they are going to collapse.”
...in the end, if you can survive the stress, unless you believe a full-fledged recovery is on its way and will be here by June of next year (laughter ensues), unless you believe that, sticking with gold and silver is the only option you have.” Full audio interview at KWN
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